The company said it sees diluted earnings per share in the range of $1.92 to $1.97, versus the consensus of $2.09. Revenue expected to increase 17.2% to $699.2 million. The Street sees revs of $690.86 million. Comparable restaurant sales expected to increase 3.8%.

The firm notes while SSS were essentially in line and revenues/units ahead of estimates, the stock will likely be down as it becomes increasingly clear LSD/MSD SSS and modest pricing will not maintain margins and could yield 2013 EPS significantly below consensus.

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Shares of Chipotle Mexican Grill are indicated to open between $268-$275 after closing at $297.32.